A will should name an executor, a person to handle matters like paying debts and distributing the remainder of the estate. If the will does not name a specific executor, the court will appoint one. If a valid will is determined not to exist, the court will appoint a party called an adm...
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A will should name an executor, a person to handle matters like paying debts and distributing the remainder of the estate. If the will does not name a specific executor, the court will appoint one. If a valid will is determined not to exist, the court will appoint a party called an adm...
Naming an alternate executor in your will means you have a say as to who will act as your executor if your chosen representative is unable to fulfill their role.
Does an executor have to be named in a will? Most of the time, when a person drafts a will they include the name of a trusted individual they want to serve as executor. However, a will does not have to appoint an executor by name so long as it provides a reasonable description of ...
A living will does not have anything to do with the transfer of assets upon death. Also known as a healthcare directive, this legal document allows an individual (while they are alive and mentally capable) to empower another person to make decisions about their medical care if the person sig...
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Absence of an executor In drafting a will, one is often advised to consider every possible situation conceivable so that the “what happens now?” situation does not arise. For instance, what if one’s husband perishes in a common accident? What happens if one’s children who inherits the ...
If you worked with a lawyer to make a will, they should have a copy, and so should your designated executor. How much does a will cost? The cost of a will depends on whether you write it yourself, use online software or hire an estate planning attorney. Here are a few price ...
Many people opt to name their estate planning attorney as their executor. If you’re not planning to use a lawyer, be sure to enlist someone you trust who also understands how a last will works. 3. Determine your beneficiary To guarantee your assets are distributed in alignment with your wi...